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China Market
Tuesday, October 6, 2020
China Methionine: Subdued demand, flat prices (week ended Oct 5, 2020)
Demand for methionine waned during the last week of September, as most feed millers have stocked ample inventories. Prices consolidated lower with supply exceeding demand.
Tuesday, October 6, 2020
China Fishmeal: Slow sales, stable prices (week ended Oct 2, 2020)
CNF prices of Peruvian prime-grade fishmeal were at US$1,520/tonne.
Tuesday, October 6, 2020
China Lysine: Imminent production expansion (week ended Oct 5, 2020)
Prices of lysine were firm lately as producers were reluctant to negotiate prices with the output costs staying high. Sales were low while feed producers halted operation gradually nearing October.
Monday, October 5, 2020
New Zealand's Fonterra to sell its dairy farms in China for US$368 million
New Zealand-based Fonterra said it agreed to selling its farms in China for NZD 555 million (~US$367.97 million; NZD 1 = US$0.66) to focus on the New Zealand market and lower its debt, Reuters reported.
Monday, October 5, 2020
China Corn: Slower pre-festive sales hold prices stable (week ended Oct 2, 2020)
Sales of corn slowed due to the approaching of Mid-autumn Festival and the long October holidays. This helped to ease the upward pressure of the corn market due to the anticipation of tight corn availability.
Monday, October 5, 2020
China Soymeal: Prices consolidate lower on softer demand (week ended Oct 5, 2020)
Soymeal prices were mixed in China, as sales slowed while market participants prepared for the upcoming holidays. Meanwhile, supplies of soymeal were ample with weekly crushing volumes reaching a high of 2.27 million tonnes.
Sunday, October 4, 2020
China's frozen pork reserves running out?
Has China nearly exhausted its reserves of frozen pork? New estimates by Enodo Economics, a London-based consultancy focused on China, say they're at a low ebb.
Saturday, October 3, 2020
China wants to become 95% self-sufficient in pork
China wants to reduce its dependency on pork imports and has set an ambitious goal to become almost self-sufficient in the staple.
Saturday, October 3, 2020
Chicken prices in China down 25% as pork production continues rebound
Chicken prices in China have dropped 25% in the face of oversupply as the country's hog population continues to rebound and larger volumes of pork are being produced.
Friday, October 2, 2020
China Soymeal: Prices soar 7% in six weeks (week ended Sep 28, 2020)
Over the week, prices of CBOT November soy futures fell by 2% after climbing for several weeks.
Friday, October 2, 2020
China Corn: Robust demand lift prices (week ended Sep 25, 2020)
In view of soaring corn prices amid tight availability, deep processors eagerly stocked inventories. Hence, even as farmers were keen to release newly harvested corn, which were difficult to preserve due to the high moisture content, prices ...
Thursday, October 1, 2020
Argentina's exports of beef to China returns to pre-pandemic levels
Argentina's ABC meat export consortium said the country is set to export about 870,000 tonnes of beef to China in 2020, similar to export numbers in 2019 despite the COVID-19 pandemic, Reuters reported.
Thursday, October 1, 2020
China to suspend Minerva SA beef imports for one week
China's General Administration of Customs (GACC) said it has imposed a temporary suspension on beef imports from Brazilian meatpacker Minerva SA for one week over a possible COVID-19-related contamination issue, Reuters reported.
Thursday, October 1, 2020
China's swine herd improving but pork production needs time to recover
Experts and analysts said China's swine herd is recovering quickly following the African swine fever (ASF) outbreak, but pork production will take more time to recover because of the new herd's low quality, Reuters reported.
Wednesday, September 30, 2020
The world beef market: Aggressive export growth and shaky trade fundamentals
Weather, politics and trade barriers play a role but beef's strong (but vulnerable) trade fundamentals are in China's control.
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